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Automotive Refinish Coatings-Global Market Insights and Sales Trends 2024
Synopsis
Automotive refinishing coatings are used by the end-users, to address the growing need for up-to-date maintenance and servicing of vehicles to enhance the look and durability of the vehicles and by protecting them from damages due to harsh temperatures and UV radiation.
The global Automotive Refinish Coatings market size is expected to reach US$ 8648.9 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Refinish Coatings in various end use industries. The expanding demands from the OEM and ftermarket, are propelling Automotive Refinish Coatings market. Water-borne Type, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Solvent-borne Type segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Refinish Coatings, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Refinish Coatings market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Refinish Coatings market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Refinish Coatings sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Refinish Coatings covered in this report include BASF SE, AkzoNobel, PPG Industries and Axalta Coating Systems, etc.
The global Automotive Refinish Coatings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF SE
AkzoNobel
PPG Industries
Axalta Coating Systems
Global Automotive Refinish Coatings market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Refinish Coatings market, Segment by Type:
Water-borne Type
Solvent-borne Type
UV-Cured Type
Global Automotive Refinish Coatings market, by Application
OEM
ftermarket
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Refinish Coatings manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Refinish Coatings in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Automotive refinishing coatings are used by the end-users, to address the growing need for up-to-date maintenance and servicing of vehicles to enhance the look and durability of the vehicles and by protecting them from damages due to harsh temperatures and UV radiation.
The global Automotive Refinish Coatings market size is expected to reach US$ 8648.9 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Refinish Coatings in various end use industries. The expanding demands from the OEM and ftermarket, are propelling Automotive Refinish Coatings market. Water-borne Type, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Solvent-borne Type segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Refinish Coatings, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Refinish Coatings market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Refinish Coatings market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Refinish Coatings sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Refinish Coatings covered in this report include BASF SE, AkzoNobel, PPG Industries and Axalta Coating Systems, etc.
The global Automotive Refinish Coatings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF SE
AkzoNobel
PPG Industries
Axalta Coating Systems
Global Automotive Refinish Coatings market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Refinish Coatings market, Segment by Type:
Water-borne Type
Solvent-borne Type
UV-Cured Type
Global Automotive Refinish Coatings market, by Application
OEM
ftermarket
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Refinish Coatings manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Refinish Coatings in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Automotive Refinish Coatings Market Overview
1.1 Automotive Refinish Coatings Product Overview
1.2 Automotive Refinish Coatings Market Segment by Type
1.2.1 Water-borne Type
1.2.2 Solvent-borne Type
1.2.3 UV-Cured Type
1.3 Global Automotive Refinish Coatings Market Size by Type
1.3.1 Global Automotive Refinish Coatings Market Size Overview by Type (2018-2029)
1.3.2 Global Automotive Refinish Coatings Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automotive Refinish Coatings Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automotive Refinish Coatings Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automotive Refinish Coatings Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automotive Refinish Coatings Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automotive Refinish Coatings Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automotive Refinish Coatings Sales Breakdown by Type (2018-2023)
2 Global Automotive Refinish Coatings Market Competition by Company
2.1 Global Top Players by Automotive Refinish Coatings Sales (2018-2023)
2.2 Global Top Players by Automotive Refinish Coatings Revenue (2018-2023)
2.3 Global Top Players by Automotive Refinish Coatings Price (2018-2023)
2.4 Global Top Manufacturers Automotive Refinish Coatings Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automotive Refinish Coatings Market Competitive Situation and Trends
2.5.1 Automotive Refinish Coatings Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automotive Refinish Coatings Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automotive Refinish Coatings as of 2022)
2.7 Date of Key Manufacturers Enter into Automotive Refinish Coatings Market
2.8 Key Manufacturers Automotive Refinish Coatings Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automotive Refinish Coatings Status and Outlook by Region
3.1 Global Automotive Refinish Coatings Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive Refinish Coatings Historic Market Size by Region
3.2.1 Global Automotive Refinish Coatings Sales in Volume by Region (2018-2023)
3.2.2 Global Automotive Refinish Coatings Sales in Value by Region (2018-2023)
3.2.3 Global Automotive Refinish Coatings Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automotive Refinish Coatings Forecasted Market Size by Region
3.3.1 Global Automotive Refinish Coatings Sales in Volume by Region (2024-2029)
3.3.2 Global Automotive Refinish Coatings Sales in Value by Region (2024-2029)
3.3.3 Global Automotive Refinish Coatings Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automotive Refinish Coatings by Application
4.1 Automotive Refinish Coatings Market Segment by Application
4.1.1 OEM
4.1.2 ftermarket
4.2 Global Automotive Refinish Coatings Market Size by Application
4.2.1 Global Automotive Refinish Coatings Market Size Overview by Application (2018-2029)
4.2.2 Global Automotive Refinish Coatings Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automotive Refinish Coatings Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automotive Refinish Coatings Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automotive Refinish Coatings Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automotive Refinish Coatings Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automotive Refinish Coatings Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automotive Refinish Coatings Sales Breakdown by Application (2018-2023)
5 North America Automotive Refinish Coatings by Country
5.1 North America Automotive Refinish Coatings Historic Market Size by Country
5.1.1 North America Automotive Refinish Coatings Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automotive Refinish Coatings Sales in Volume by Country (2018-2023)
5.1.3 North America Automotive Refinish Coatings Sales in Value by Country (2018-2023)
5.2 North America Automotive Refinish Coatings Forecasted Market Size by Country
5.2.1 North America Automotive Refinish Coatings Sales in Volume by Country (2024-2029)
5.2.2 North America Automotive Refinish Coatings Sales in Value by Country (2024-2029)
6 Europe Automotive Refinish Coatings by Country
6.1 Europe Automotive Refinish Coatings Historic Market Size by Country
6.1.1 Europe Automotive Refinish Coatings Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automotive Refinish Coatings Sales in Volume by Country (2018-2023)
6.1.3 Europe Automotive Refinish Coatings Sales in Value by Country (2018-2023)
6.2 Europe Automotive Refinish Coatings Forecasted Market Size by Country
6.2.1 Europe Automotive Refinish Coatings Sales in Volume by Country (2024-2029)
6.2.2 Europe Automotive Refinish Coatings Sales in Value by Country (2024-2029)
7 Asia-Pacific Automotive Refinish Coatings by Region
7.1 Asia-Pacific Automotive Refinish Coatings Historic Market Size by Region
7.1.1 Asia-Pacific Automotive Refinish Coatings Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automotive Refinish Coatings Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automotive Refinish Coatings Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automotive Refinish Coatings Forecasted Market Size by Region
7.2.1 Asia-Pacific Automotive Refinish Coatings Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automotive Refinish Coatings Sales in Value by Region (2024-2029)
8 Latin America Automotive Refinish Coatings by Country
8.1 Latin America Automotive Refinish Coatings Historic Market Size by Country
8.1.1 Latin America Automotive Refinish Coatings Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automotive Refinish Coatings Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automotive Refinish Coatings Sales in Value by Country (2018-2023)
8.2 Latin America Automotive Refinish Coatings Forecasted Market Size by Country
8.2.1 Latin America Automotive Refinish Coatings Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automotive Refinish Coatings Sales in Value by Country (2024-2029)
9 Middle East and Africa Automotive Refinish Coatings by Country
9.1 Middle East and Africa Automotive Refinish Coatings Historic Market Size by Country
9.1.1 Middle East and Africa Automotive Refinish Coatings Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automotive Refinish Coatings Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automotive Refinish Coatings Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automotive Refinish Coatings Forecasted Market Size by Country
9.2.1 Middle East and Africa Automotive Refinish Coatings Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automotive Refinish Coatings Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BASF SE
10.1.1 BASF SE Company Information
10.1.2 BASF SE Introduction and Business Overview
10.1.3 BASF SE Automotive Refinish Coatings Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BASF SE Automotive Refinish Coatings Products Offered
10.1.5 BASF SE Recent Development
10.2 AkzoNobel
10.2.1 AkzoNobel Company Information
10.2.2 AkzoNobel Introduction and Business Overview
10.2.3 AkzoNobel Automotive Refinish Coatings Sales, Revenue and Gross Margin (2018-2023)
10.2.4 AkzoNobel Automotive Refinish Coatings Products Offered
10.2.5 AkzoNobel Recent Development
10.3 PPG Industries
10.3.1 PPG Industries Company Information
10.3.2 PPG Industries Introduction and Business Overview
10.3.3 PPG Industries Automotive Refinish Coatings Sales, Revenue and Gross Margin (2018-2023)
10.3.4 PPG Industries Automotive Refinish Coatings Products Offered
10.3.5 PPG Industries Recent Development
10.4 Axalta Coating Systems
10.4.1 Axalta Coating Systems Company Information
10.4.2 Axalta Coating Systems Introduction and Business Overview
10.4.3 Axalta Coating Systems Automotive Refinish Coatings Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Axalta Coating Systems Automotive Refinish Coatings Products Offered
10.4.5 Axalta Coating Systems Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automotive Refinish Coatings Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Automotive Refinish Coatings Industrial Chain Analysis
11.4 Automotive Refinish Coatings Market Dynamics
11.4.1 Automotive Refinish Coatings Industry Trends
11.4.2 Automotive Refinish Coatings Market Drivers
11.4.3 Automotive Refinish Coatings Market Challenges
11.4.4 Automotive Refinish Coatings Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automotive Refinish Coatings Distributors
12.3 Automotive Refinish Coatings Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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